Celsius creditors allege Wintermute facilitated ‘wash trading’: Report
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Creditors of bankrupt cryptocurrency lending platform Celsius have alleged that crypto market maker, Wintermute, assisted Celsius executives in manipulating the price of CEL (
On May 25, it was reported that crypto consortium Farhenheit was the successful bidder to acquire the assets of Celsius, previously valued at $2 billion.
The consortium obtained Celsius Network’s institutional loan portfolio, staked cryptocurrencies, mining unit and other alternative investments – which comes almost a year after Celsius initially filed for Chapter 11 bankruptcy, in July 2022.
Cointelegraph reached out to Wintermute for comment, but did receive a response by the time of publication.
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